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ON DECK FOR TODAY’S VIP TRADE ROOM: Are earnings pushing the major indices lower? The latest upgrades and downgrades, 5 high-probability pullbacks and 3 vertical spreads with options, and stocks that look ready to sell off — with options. Critical Levels on QQQ, Descending Triangles on SPY and 2 High-Probability Trades! The Dow and Nasdaq are down big this morning, which is more than random and a bad sign in the middle of earnings season… The Russell 2000 is also falling from the same resistance level that’s sent it downward twice before… The first time was summer of 2022 when we had a big rally, and the second was in February of this year after a furious January rally. And here’s a big problem: There’s no major catalyst to start pushing things higher. Sure, there are more companies reporting earnings, but we’ve seen the best of the best… It wasn’t enough. Federal Reserve data has also been mixed, and August is a seasonally down time. The S&P 500 is also beginning to dip after hitting the same resistance level it’s fallen from twice before. There’s still some hope for the Tech sector, tracked by the QQQ ETF… Apple reports after the close on Thursday, but from where I’m sitting right now, things aren’t looking great. I’ll cover all that and more in this morning’s “Premarket Must Watch”! In today’s all-new briefing, I’ll also go over what's next for the Dow… if the QQQ will make a new high or fizzle out… the stocks that continue to lead on a six- , three- and one-week basis… which earnings are making me nervous and why… an update on major Fed data and whether we need to pay attention to the ADP report Wednesday… two long stocks I'm loving and two short stocks I'm hating… plus, my two big day trading stocks for today! Unleash the Power of the M-Spike I've seen a lot of different strategies come and go during my three decades of trading. But one particular pattern has consistently outperformed… one that I call the “M-Spike.” It’s a unique pattern that can be found on any chart, and it signals when a stock is likely about to make a big move! I just hosted a free bootcamp training session to teach everyone how to spot and trade it, so click the link below to learn all about it. After this session, you’ll be a better, more confident trader — you’ll even get the top 12 performing stocks, according to the M-Spike, and the data behind each ticker! 🎥 LIVE TRADE ROOM ACCESS 🎥 Join me and dozens of traders each day inside my LIVE VIP Trade Room! Each day, we analyze the markets together, build relationships and, more importantly… go over market education and new trade ideas! With the VIP Trade Room, you’ll have the opportunity to multiply your trading knowledge and confidence as quickly as possible. I’ll take the time to answer all of your trading questions, so fire away! Make sure to join us LIVE each day! SCHEDULE:
JOIN US HERE: https://us02web.zoom.us/j/81470521405 |
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